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SuperTrend Indicator with Multiple Factors in same Time Frame Support and Resistance Using Supertrend in all ATRs We can use Supertrend to find the support and resistance of any stock or index . We will be using 6 supertrends to do this . 1) Period 2 , Multiplier 1.5 2) Period 2 , Multiplier 4.5 3) Period 2 , Multiplier 7.5 4) Period 2, Multiplier 10.5 5) Period 2, Multiplier 13.5 6) Period 2 , Multiplier 16.5 Period refers to the ATR number of days. It means to say that the system will calculate the ATR value for the last 2 days. You can input any value you deem suitable. The multiplier refers to a value by which the ATR will get multiplied. Whatever is the value of ATR, it will get multiplied by 3. Multiplier is a crucial input for Super trend. If the multiplier value is too high, then lesser number of signals are generated. Likewise if the multiplier value is too small, then the frequency of signals increase, hence chances of generating false trading signals are quite high. It will plot Supertrends with 3, 9, 15, 21, 27 and 33 (Period X Multipler).
NSE:ITC
by pkkothari
Multiple year breakout | Bajaj Hind SugarNSE:BAJAJHIND 1st breakout already happened and it has sustained it. No in this month it has tried to break the next level but failed and coming down to check the support level of 17. And if it gets the support from 17 then in next month we can see a good move in this stock. Once can enter from this current level as well another safe entry point will be from 25 level. Target will be 25,30,35,45 +++ But it is not advisable to add all your capital in this stock. Mostly it trades in upper and lower circuits. Comment your suggestions or doubts.
NSE:BAJAJHINDLong
by Trading_hawk